To whomever might have some advice,
On of my assignments for this week is to name and set up a business to put our rental properties under. I have the name, but I'm not sure if I should go with a sole-proprietorship or an LLC (or something else?). I've read a lot about both but don't really know enough. Can anyone give me pros & cons from their own experience? I would be very grateful. I'll be calling the ITS Advisory Line tomorrow, but I thought I could get some good info from those of you who've been doing this for years.
Thanks in advance,
P.S. I've already learned so much from following the dialogues in these forums. I think it's great that so many like sully & cbrpower are willing to share.
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249